Investor Briefing &

Q3 2015 Performance

Oct 2015

2

Economic Overview

3

§ After experiencing an upward pressure since the start of the year and peaking in mid September, the exchange rate (KES against

the US Dollar) appears to have stabilized at levels averaging 102-103

§ The Kenya Shilling depreciation was mainly a reflection of:

- A strong US Dollar as a result of the recovery of the US economy

- An elevated but seasonal demand for foreign exchange from the local corporate sector

- Repatriation of dividends by foreign investors

- Falling revenues from tourism, tea and horticulture

- Massive capital investments in infrastructure

Foreign Exchange Rate - Kenya

May-15Feb-150

Mar-15

102

Apr-15Jan-15 08-Sep-15

94

98

106

104

108

Aug-15

96

100

92

Jun-15 Jul-15 23-Oct-1530-Sep-15

105.3

12.5%

102.0

91.4

94.6

97.8

92.3

98.6

106.2

102.5

90.7

103.9

KES / USD

FX Movement over the last 9 month

4

USD vs. USH,TSH, RWF, KSH

KES vs East African Currencies

35.335.035.233.333.3

31.231.632.131.731.230.6

21.720.520.620.620.0

21.321.020.020.119.519.2

7.37.07.06.87.37.07.37.57.57.57.6

0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

40.0

Aug-15Apr-15 Jul-15May-15Mar-15 Jun-15Jan-151st Jan 15 Feb-15

-4%

+13%

+15%

KES / RWF

KES / TSHS

KES / USHS

21-Oct-15Sep-15

§ Although the KES has witnessed an upward pressure against the USD over the last few

months, it has strengthened against some of the regional currencies

55

Months of Import Cover - Kenya

4.14.04.14.4

4.74.64.34.34.3

4.14.14.23.9

4.1

0.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0

4.5

5.0

22th Oct-15

16th

Oct-15Q3 15Q2 15Q1 15Q4 14Q3 14Q2 14Q1 14Q4 13Q3 13Q2 13Q1 13Q3 12

Monthly Average

Desired MinimumMonths of Import Cover

6

Balance of Trade- Kenya

-71

-85-81

-98-90

-67-70

-86

-97

-79

-113-119

Jul-15Nov-14 Feb-15Dec-14 Jan-15 Jun-15 Aug-15May-15Mar-15 Apr-15Oct-14Sep-14

Balance of Trade (Kes Billion)

7

Current Account Deficit- Kenya

-497.4-479.7

-281.8-317.5

-401.4

-570.9

-369.2

-741.5-754.6

Dec-14 Feb-15Jan-15 15-May15-AprMar-15Nov-14Sep-14 Oct-14

Current Account Deficit (USD Million)

8

Political and Economic review in the regionThere has been an increasing trend in interest rates over the last 6 months peaking in September and

October 2015

Interest Rates Tend - Kenya

91 Days T. Bill

182 Days T. Bill

364 Days T. Bill

Interbank rate

Jan Feb JuneMar Apr May

8.6% 8.6% 8.5% 8.4% 8.3% 8.3% 11.3% 11.5% 18.6% 22.6%

7.1% 6.8% 6.9% 8.8% 11.8% 11.8% 12.9% 18.8% 19.8% 25.8%

10.2% 10.4% 10.4% 10.3% 10.4% 10.6% 12.2% 12.4% 14.6% 21.6%

10.7% 11.0% 10.7% 10.6% 10.7% 11.0% 12.5% 13.8% 16.3% 21.5%

Jul Aug SepSep-Oct

Peak

9

Macro-Economic Indicators (East Africa)

182 Days T-Bills

364 Days T-Bills

Central Bank Rate

91 Days T-Bill

Uganda Rwanda Tanzania

14.6% 20.5% 4.6% 13.9%

18.6% 18.3% 4.3% 8.3%

16.3% 21.7% 6.5% 14.6%

11.5% 16.0% 12.0% 7.0%

Inflation 6.0% 7.2% 3.1% 6.4%

Kenya

30th Sept 2015

10

Macro-Economic Indicators (East Africa)

Private Sector Credit Growth

Real GDP Growth(World Bank 2015 Projections)

Current Account to GDP

Uganda Rwanda Tanzania

-7.50% -5.20% -11.80% -11.00%

19.9% 11.0% 26.6% 13.7%

5.4% 5.4% 7.0% 7.2%

GDP (in USD Billion) 60.9 26.3 7.9 49.2

Kenya

30th Sept 2015

11

GDP Growth - East Africa

6

9

10

7

5

0

4

8

5.7%

5.3%

4.6%

Uganda

Tanzania

5.4% KenyaDRC

6.1%

Rwanda7.5%

2015E

7.0%

5.8%

2014

9.0%

4.5%

7.0%

2013

8.5%

4.7%

3.3%

7.3%

2012

7.2%

8.8%

4.4%

5.1%

2011

6.9%

7.9%

9.7%

7.9

12

Debt to GDP Trend (East Africa)

In Percent

50

4544

4748

3533

3129

27 2829

2424

23

18

24

13

6

424040

44

37

2023

0

5

10

15

20

25

30

35

40

45

50

2011 2012 2013 2014 2015

20 19South Sudan

Rwanda

Uganda

Kenya

DRC

Tanzania

South Sudan became independent in 2011. Independent Economic environment started in 2012

*

*

13

Update on Strategic Initiatives

14

SME Strategy

Solid ICT Infrastructure Supporting our Business

Merchant Business & Payment Processing

Iconic and social brand

with significant impact

Progress in key execution priorities

§ 20% increase in Diaspora remittances commissions

§ 59% increase in Merchant commissions

§ 105 Million Mobile Banking transactions done since start of year.

§ 36.2% increase in Agent transactions

Innovative Delivery Channels

§ Mobile Banking§ Agency

§ SME’s now account for 70.7% of the loan book§ FX income growth of

64%§ Current accounts

34% of deposits

Regional subsidiaries§ Loans grew by 103%§ Deposits grew by

93%§ Assets grew by 94%§ PBT grew by 102%

Diaspora Remittances8

6

4

Brand & Foundation 7

5

Regional Expansion & Diversification

3

2

Growth in investment in ICT leading to growth in ICT expenses

Equity Group Holdings Limited

(Governance & Leadership structure)

Completed restructuring &

staffed

1

15

Strong Governance & Leadership Structure

Group Board

CEO

Banking Subsidiaries*

Equity Bank Rwanda

Equity Bank Tanzania

Equity Bank Uganda

Equity DRC (Pro Credit Bank)

Equity Bank Kenya

Director Strategy & Company Secretary

Director Strategic Partnerships & Programme Mgt

Group Internal Auditor

CEO’s office

Corporate Office

Director, HR & Admin

Chief Risk and Compliance Officer

Chief Operating Officer

Director, Corporate & SME Banking

Chief Marketing Officer

Chief Technology & Information Officer

Director, Group Treasury

Subsidiary Boards

* Each subsidiary with own Board of Directors compliant with local regulations

Non-Banking Subsidiaries

Consulting

Equity Insurance Agency

Equity Investment Bank

Equity Group Foundation

Infrastructure Services

Shareholders

Subsidiary Boards

Director, Group Finance

1

Director Brand, Culture and Communications

Equity Bank South Sudan

Chief Finance, Innovation & Payments Officer

16

IT investment and impact on P&LFocusing Leveraging on mobility, digitization and rapid growth of social media2

14.9

+35%

7.1

8.1

Q3 2012

Q3 2013

11.0

+15%

Q3 2014

+35%

Q3 2015

KES “Billion”

IT Spend over time

+43%

2.6

Q32014

Q32015

1.8

IT Expense (P&L) Investment

• MVNO capability expansion, channel security , EGF capabilities Equity world , healthcare system, education content, agricultural programmes and more.

• Enterprise service bus (BPM / BAM / SOA and security) , rich API capabilities for corporate customers and partners.

• Investment in rich user experience for Mobile and e-Banking due for release Q4 and Q1 2016 respectively

• Digitisation and process automation enabling streamlined efficient paperless processes. Analytical capabilities, AML, Risk Analytics, planning and performance management

• PCI-DSS compliant platform that is solidified in payment switch upgrade. E Commerce payment platform implementation

• Investments in enabling expertise, learning and knowledge acquisition

• MSSP, extension of data centre capacity to cater for growth, comprehensive BCP capability, high availability on 99.97% uptime SLA. Moving to outsourced multitenancy cloud model

17

Regional Expansion & Diversification

Insurance

Investment Bank

Foundation

Finserve

Bank

A distinctive agile, convenient and secure mobile channel that seamlessly integrates and converges bank accounts and other financial products and services while providing value-add telecoms products and services

Insurance products to deepen the financial inclusion of our clients while providing cover for risk mitigation of banking products

A unique approach to impacting the lives of African in our communities using the Bank’s existing infrastructure, enormous human capital and Brand

Investment services for our corporate clients: brokerage, custodial and advisory

The leading inclusive bank across the Eastern African region

3

18

Regional Expansion - key delivery under Equity 3.0 3

§ Equity 3.0 is a comprehensive 10 year plan to transform Equity Group Holdings Ltd (EGHL) into a diversifiedregional financial services providers in Africa. EGHL’s overarching objective is to grow its member base to over 100million customers, in 15 countries across the continent.

Rwanda

Kenya

Tanzania

Uganda

South Sudan

DRC

19

KES “Billion”

Tanzania Rwanda S. Sudan

Deposits

Loan

Growth

Growth

AssetsGrowth

PBTGrowth

Regional & Non-banking

Total

15.39

60%

15.63

105%

21.79

73%

0.27137%

9.26

1%

8.24

58%

13.57

16%

0.32463%

11.11

18%

7.07

11%

16.21

22%

0.21

92%

43.98

93%

3.42

-20%

54.22

81%

0.70

23%

98.44

93%

47.71

103%

130.75

94%

2.47102%

Regional & Non-Banking Expansion – Key Metrics3

Kenya

222.0

215.7

18%

321.1

13%

15.99%

Regional & Non-banking Contribution

Q3 2015

31%

18%

29%

14%

15%

Regional & Non-banking Contribution

Q3 2014

21%

11%

20%

8%

DRC

18.70

23%

13.34

78%

24.96

27%

0.44

36%

EIA EIB

0.43 0.1026% 255%

Uganda

20

Assets and PBT contribution by countries3

3.8% 3.6%

3.3% 3.0%Rwanda

Q3 2015

100.0%

71.1%

12.0%

5.5%

4.8%

Q3 2014

100.0%

80.8%

8.5%

Kenya

S. Sudan

DRCTanzania

Uganda

0.0%3.6%

Total Assets split by Country PBT split by Country

2.5%

1.5%

0.7%1.2%

0.7% 1.8%

100.0%

94.5%

3.7%

0.0%

DRC

Kenya

S. Sudan

0.4%

TanzaniaUgandaRwanda

Q3 2015

100.0%

89.1%

3.9%

Q3 2014

Graphs depict Banking entities only

21

Equitel uptake has soared with 162% growth in 10 months 4

300

1,300

900

1,400

1,200

1,000

400

100

1,200

300

600

700

1,100

200

900

500

0

400

600

700

800

0

200

1,000

500

1,100

1,300

800

100

1,400

23rd Oct2015

Sep2015

Apr2015

+162%

Jul2015

Feb2015

505

Jan2015

1,322

581666

788

1,166

1,024

1,253

Jun2015

902

May2015

1,085

Aug2015

Mar2015

SIM uptakeLinkage to M-Banking

81%

76%78%

83%

85%

Count “000” Count “000”

87% 85%86%

87%88%

22

Loan Disbursements through Mobile Banking- Analytics used for credit decisions 4

5.4

4.6

3.8

2.92.4

1.91.6

1.31.00.8

23rd Oct2015

+21%+22%

Feb2015

Jun2015

+31%

Mar2015

+25%+27%

May2015

Jan2015

+22%

Apr2015

Aug2015

Jul2015

+22%

Sep2015

+25%

+19%

Loan Value Disbursement (KES "Billion")Disbursement Count (number)

225,457 284,284 353,052 430,186 524,418 623,171 718,507 902,113 1,087,022

Cumulative figures

1,268,804

23

Retail Loan Disbursements Trend4

0100200300400500600700800900

1,0001,1001,2001,3001,4001,5001,6001,7001,800

01002003004005006007008009001,0001,1001,2001,3001,4001,5001,6001,7001,800

225(39%)

353(61%)

Feb2015

474

190(40%)

284(60%)

Jan2015

382

157(41%)

225(59%)

1,707

23rd Oct2015

944

321(34%)

623(66%)

May2015

814

290(36%)

524(64%)

Apr2015

688

258(38%)

430(63%)

Mar2015

578

438(26%)

1,269(74%)

Sep2015

1,503

416(28%)

1,087(72%)

Aug2015

1,284

382(30%)

902(70%)

Jul2015

1,068

350(33%)

718(67%)

Jun2015

MobileCombined Branch

Cumulative Count of disbursements – Mobile vs. BranchIn Thousands

24

M-Banking Transactions & Volume Trend (cumulative)4

22

100

110

120

50

10

0

60

40

60

20

130

30

70

80

40

80

30

110

90

0

70

20

10

100

120

90

50

24.4

35.8

17.210.5

77.7

113.2

23rd Oct2015

105.4

77.6

Jun2015

48.6

94.9

69.5

Sep2015

Jul2015

5.4

Feb2015

11.3

Jan2015

22.5

Aug2015

85.4

Apr2015

58.8

49.5

May2015

Mar2015

63.2

42.3

33.0

Cumulative M-Banking Volumes (billions)Cumulative M-Banking Transactions (millions)

25

Analysis distribution by time of day4

26

Average Transaction Amount on Funds Transfer4

5,348 5,090 4,759 4,742 4,842 4,941 5,042 4,922 4,977

20,930 20,266

25,115

29,040 31,955

35,764 34,441 35,253 36,999

16,293 18,381

29,799 34,457

37,915 40,511 42,589 42,814 43,903

-

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

50,000

Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15

M-pesa Internal Transfer

Other Banks

• Average M-PESA transfer ~5,000/- as of September• Average Internal Funds transfer ~ 37K as of September

27

• The value of internal bank transfers have Surpassed transfer to M-PESA• Average growth in value of internal transfer has been higher than M-PESA , Agent Withdrawal and

transfer to other banks

Transaction value

-

1,000

2,000

3,000

4,000

5,000

6,000

Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15

Mill

ions

Agent Withdrawal Transfer to Other Banks

Internal Funds Transfer Transfer to M-Pesa

M-Banking Transactions Update by Transaction Type4

28

28

• Equitel market share has grownsignificantly from 1.9% in Mar to2.4% in June 2015.

• 18% of the total subscriber activatedbetween January and June 2015 wascontributed by Equitel.

Source: Communications Authority of Kenya Q4 Industry Statistics

Safaricom

67.4%

Airtel22.6%

Orange10.0%

December 2014

Total Subscribers33,632,631

Safaricom67.1%

Airtel20.2%

Orange10.8%

Equitel1.9%March 2015

Total

Safaricom67.0%

Airtel19.4%

Orange11.2%

Equitel2.4%

June 2015

Total Subscriber

s

Equitel Market Share4

29

Focus on Variable cost model…

Continuous Growth in Agency Banking4

▪ Number of agents increased to 22,017 agents. 39% growth y/y

… More transactions now processed under 3rd party infrastructure saving on fixed costs

▪ More transactions now processed under 3rd party infrastructure

▪ Agent transactions registered a 36.2% y/y growth 18.3

20.420.021.1

23.1

24.924.625.5

0

5

10

15

20

25

30

35

40

+36.2%

3.0

Q3 2011

13.6

Q3 2012

20.7

Q3 2013

21.524.1

27.3

Q3 2014

37.2

Q3 2015

Transactions (Millions) 9.0

2.0(22.2%)Branch

Sep-15

2.5(27.4%)

4.5(50.4%)Agency

ATM

Agency

ATM

Branch

30

Continuous Growth in Agency Deposits…4

62.8

56.452.2

49.945.2

25.124.222.321.418.5

+8%+5%

+10%

Q2 2015Q1 2015Q4 2014Q3 2014 Q3 2015

+11%

Agency Withdrawal AmountAgency Deposit AmountIn KES Billion

Deposits growing faster than withdrawals hence a “Net Cash-Inflow” position

31

SME contribution to the Loan Book5

46.5%

46.4% 53.1%

8.2%6.8%

6.2%

29.2%24.1% 20.5%

19.5%

100.0% 100.0%

Q3 2013

17.5%

Q3 2014

3.1% 2.7%

12.5%

100.0%

Q3 2015

Consumer

3.5%Agriculture

Large Enterprises

Micro

SME

32

SME contribution to Deposit base5

19%

34%35%

15%

Q3 2014

17%

100%

Q3 2015

100%

Term Deposits

100%

Q3 2013

Current Accounts 26%

49%51%55%Savings

Deposit split by type

…current accounts (as a proportion of overall deposits) increasing over time as a result of SME strategy

33

SME Income Contribution5

+58%

624.5

393.9

Q3 2015Q3 2013 Q3 2014

249.1

+59%

1,375.3

Q3 2013

1,571.4

Q3 2014

2,577.0

Q3 2015

+64%

+14%

Merchant Income Growth FX Income GrowthKES “Million”

34

SME - NPL Trend5

Q3 2015Q3 2014

4.5%

Q3 2013

7.0%

4.4%

SME loans are 100% secured

35

Growing Non-funded Income as a result of cross-selling to SME’s5

Highlights

▪ Non Funded Income: grew by 29% YoY▪ Funded Income: Interest Income grew by 21% YoY due to growth in loan book; Interest expenses grew by 33%

YoY due to increase in customer deposits

19.7bn(65%)

10.6bn(35%)

30.3bn

9.3bn(46%)

16.8(40%)

34.5bn

Q3 2014

Non-Funded 25.6

(60%)

42.4bn

Q3 2015

Funded

17.2(65%)

Q3 2012

26.7bn

Q3 2013

21.5bn(62%)

13.0bn(38%)

9.4bn(35%)

Q3 2011

20.5bn

11.1bn(54%)

Non Funded Income by Type

73%Fees &

Commission

8%

15%

Other Income

Foreign Exchange

11%

Q3 2014

80%

Q3 2015

12%

36

Group net interest margin on an upward trajectory reflecting an increasing interest yield and stabilized cost of funds5

Cost of funds

Net Interest Margin increased between Q2 and Q3…driven by an increase in interest yieldand stable cost of funds

Percentage

Net Interest Margin Yield on interest Earning Assets

10.29.89.9

10.810.9

Q2 ’15 Q3 ’15Q1 ’15Q3 ’14 Q4 ’14

2.52.52.62.52.4

Q2 ’15 Q3 ’15Q1 ’15Q4 ’14Q3 ’14

12.712.312.513.313.3

Q3 15Q2 15Q1 15Q4 ’14Q3 ’14

37

We are building on our momentum in Payment Processing and Merchants…6

We have partnered with key payment companies…

…which has allowed us to grow our number of transactions and commissions

▪ Equity is leading in Acquiring and Issuing

▪ Best in class payment channelservices work well with merchants

26,763

+59%

+61%+59%

+58%

Sep-15Sep-14

394

10,506

249

624

Sep-13

16,661

Merchant CommissionsMerchant Transaction Volumes

KES “Million”

38

Diaspora Remittances7

351

415

48

5,678

Q3 2014

7,355220

WESTERN UNION

MONEYGRAM

VISA DIRECT

PAYPALEQUITY DIRECT

+35%

4,514

2,222

104

1,419

9,921

Q3 2015

2,305

KES “Million”

139.9

+20%

Q3 2014

116.8

Q3 2015

Commissions growthVolume growth

KES “Million”

39

EGF 7 Programmatic Pillars

Monitoring and evaluation

1

2

4

3

Education and Leadership

Development

Agriculture

Entrepreneurship

Health

Innovation

Financial Inclusion and

Literacy

Environment

7

6

5

▪ Equity Afia

▪ Cash transfers▪ Fanikisha▪ Fanikisha+ (Tanzania)▪ Financial Knowledge for

Africa training programme

▪ Forest restoration▪ Energy program

▪ Wings to Fly Learning▪ Equitel - MY LIFE

▪ Entrepreneurship training program

▪ Transforming smallholder farmers

▪ Accelerating medium size farms

▪ Wings to Fly▪ Equity African Leaders

Programme

8 EGF 7 Programmatic Pillars

40

10,377TOTAL WINGS TO FLY SCHOLARS

TOTAL WINGS TO FLY SCHOLARS

13,000Entrepreneurs trained

USD

192,000,000TOTAL FUNDS RAISED FOR PROGRAMSTOTAL FUNDS RAISED FOR PROGRAMS

2,673 University scholars

Of which 263 are placed in top global universities

SCHOLARSSCHOLARS

98% completion93% achieved university entry grades7% achieved ‘A’ grade79% holding Leadership positions

2011 GRADUATING CLASS2011 GRADUATING CLASS

KES

29.5 billion in loans to women

EMPOWERING LOANSEMPOWERING LOANS

1,260,486 Kenyan women and youth completed the financial literacy training in financial knowledge for Africa (FiKA) programme.

WOMEN & YOUTHWOMEN & YOUTH

Impact to date

500,000 Subsistence farmers converted to agri-businesses

2010 11 12 13 14 2015

10,211 Scholars availed mobile & digital learning tools

1m Trees planted

7,836 Clean energy products

distributed 2,400 Medium-sized

farmers supported

8 EGF Impact

41

Qualitative Analysis

42

Equity has earned substantial accolades in 2015

43

Equity has earned substantial accolades in 2015

44

Equity has earned substantial accolades in 2015

Equity Bank - Winner2015 Best

Performing Ai40 Company

Dr James Mwangi -Winner

2015 Ai40 CEO of the Year

45

Best Brand and Recognition for Transparency

2014 - Top Banking Brand in Kenya

46

Equity has earned recognition in 2015

Equity’s International Rankings

Equity’s Global Credit Rating

Equity BankOverall Soundness Performance

(Capital Assets Ratio) (Profits on capital) (Return on assets)

2015 Global Rank 916 88 18 8

2014 Global Rank 999 112 8 4

47

Performance of Core Business (Intermediation)

48

44%

25%

70%

30%

Growth per Class

Funding BaseSignificant improvement in funding profile

57.1(17%)

5.1(2%)34.1

(10%)

445.8

48.9(11%)

317.0(71%)

Borrowed Funds

Shareholders’ Funds

243.1(72%)

Q3 2015

71.1(16%)

8.7(2%)

31.3%

339.4

Deposits

Other Liabilities

Q3 2014

In KES “Billion” 31.3% growth in funding with deposits accounting for 71%

49

Customer Deposits Growth

317.0

243.1

192.0

164.6149.7

99.3

0

20

40

60

80

100

120

140

160

180

200

220

240

260

280

300

320

+30%

+51%

+10%

+17%

+27%

Q3 2015

Q3 2014

Q3 2013

Q3 2012

Q3 2011

Q3 2010

Deposit (Kes Billion)

3.8%

3.5%

3.7%

2.9%

5.8%

UgandaRwanda

S. Sudan

Tanzania

Kenya

DRC

Q3 2015

100.0%

69.3%

13.7%

4.8%

Q3 2014

100.0%

79.2%

9.3%

3.9%

0.0%

Deposit split by Country

Q3 2015

40.2%

43.5%

16.3%

Q3 2014

100.0%

40.1%

45.4%

14.5%

Savings

Term Deposits

Current Accounts

100.0%

Deposit split by Type

50

51.5(11.6%)

86.0(19.3%)

+31.3%

32.5(9.6%)

44.9(10.1%)

339.4

Government Securities

206.7(60.9%)

47.4(14.0%)

263.4(59.1%)

Q3 2015Q3 2014

52.8(15.6%)

445.8

Cash & Cash Equivalents

Net Loans

Other Assets63%

9%

38%

27%

Growth per Asset Class

31.3% growth in asset base while still maintaining portfolio diversification

Assets of KSH 446 Billion driven by stable Deposit base

In KES billion

51

Net Loans & Advances Trend

263.4

206.7

158.6

131.3

109.4

70.9

0

20

40

60

80

100

120

140

160

180

200

220

240

260

280

+20%

Q3 2014Q3 2013 Q3 2015

+30%

+27%

+54%

+21%

Q3 2012Q3 2011Q3 2010

Net Loans & Advances (Kes Billion)

Q3 2014

100% 100%

LocalCurrency

Loans

ForeignCurrency

Loans

Q3 2015

68%

25%

75%

32%

52

Loan book by Segment and Entity

2.5%3.1%

3.0%2.6%

1.6%2.3%S. Sudan

DRC

100.0%

Rwanda0.0%

5.0%

Q3 2015Q3 2014

100.0%

Uganda

5.8%

Tanzania 3.6%

81.9%

88.6%Kenya

Split across the banking entities within the GroupSplit across Segments

46.4% 53.1%

6.8%6.2%

24.1% 20.5%

Micro

100.0%

Consumer

Q3 2015

17.5%

2.7%

Q3 2014

100.0%

19.5%

3.1%

Large Enterprises

SME

Agriculture

53

4.1%4.1%3.9%3.8%4.0%

4.3%4.4%4.3%4.2%4.3%

Q1 2015 Q2 2015Q4 2014Q3 2014 Q3 2015

GroupEBKL

Stable NPL Trend over time

54

64.4%62.5%63.2%64.5%61.2%

56.0%55.4%59.8%

64.4%

51.0%

89.1%86.2%87.0%88.0%

83.5%

Q1’2015Q3’2014 Q4’2014 Q2’2015 Q3’2015

CBK: (Spec. Prov. + Int. Susp) / Gross NPLIFRS: Impairment per IAS39 / Gross NPL(Gen. Prov. + Spec. Prov. + Int. Susp) / Gross NPL

0.63% 0.83% 0.63% 0.61%Cost of Risk: 0.95%

Non-Performing Loans: High Coverage Levels

55

Financial Performance

56

Funding Distribution

Q3 2015

Broad base liabilities & funding sources

Q3 2014 Q3 2015 Growth Y/Y

Liabilities & Capital (Bn) KSH KSH %

Deposits 243.1 317.0 30%

Borrowed Funds 34.1 48.9 44%

Other Liabilities 5.1 8.7 70%

Shareholders’ Funds 57.1 71.1 25%

Total Liabilities & Capital 339.4 445.8 31%

Q3 2014

Borrowed Funds 10%

Shareholders’ Funds

17%

Other Liabilities

Deposits

2%

72%

Other Liabilities

Deposits

11%

2%

71%

Borrowed Funds

16%

Shareholders’ Funds

57

Asset Distribution

Q3 2015Q3 2014

Asset Portfolio & Distribution

Q3 2014 Q3 2015 Growth Y/Y

Assets (bn) KSH KSH %

Net Loans 206.7 263.4 27%

Cash & Cash Equivalents 52.8 86.0 63%

Government Securities 47.4 51.5 9%

Other Assets 32.5 44.9 38%

Total Assets 339.4 445.8 31%

61%Net Loans

14%

Cash & Cash Equivalents

Government Securities

Other Assets

16%

10% 10%

Cash & Cash Equivalents

Government Securities

Other Assets

12%

19% 59% Net Loans

58

Strong Capital Position - EBKL

14.5%

Sep-14 Sep-15

16.6%16.1%

13.0%

14.8%

Sep-14 Sep-15

Total Capital to Risk Weighted AssetsCore Capital to Risk Weighted Assets

10.5%RegulatoryMinimum

RegulatoryMinimum

20.0% 20.5%

Sep-14 Sep-15

Core Capital to Total Deposits

8%RegulatoryMinimum

59

35.0%35.9%

29.8%25.6%

33.0%

26.6%27.6%29.7%

27.6%25.3%

Q1 ’15Q4 ’14 Q2 ’15Q3 ’14 Q3 ’15

EBKLGroup

RoAE

5.0%5.1%5.2%

6.4%

5.2%4.3%4.6%4.8%

5.5%4.9%

Q3 ’15Q3 ’14 Q2 ’15Q1 ’15Q4 ’14

GroupEBKL

RoAA

Stable RoAA and RoAE over time

60

KES (Billion) Q3 2014 Q3 2015 Growth

Interest Income 26.04 31.60 21%

Interest Expense (4.50) (6.00) 33%

Net Interest Income 21.55 25.60 19%

Non-Funded Income 12.99 16.81 29%

Total Income 34.53 42.41 23%

Loan Loss Provision (0.90) (1.70) 89%

Staff Costs (7.77) (8.39) 8%

Other Operating Expenses (10.17) (14.09) 38%

Total Costs (18.84) (24.18) 28%

PBT 15.86 18.14 14%

Tax (4.65) (5.33) 15%

PAT 11.21 12.81 14%

Delivering 14% Growth in PBT for the Group

61

… PBT has grown at ~15% (CAGR)

PBT evolutionCost to Income Ratio EvolutionKES Billion

18.14

15.86

12.6411.79

15%CAGR

Q3 ’15Q3 ’14Q3 ’13Q3 ’12

▪ Total Operating Income up 23% y/y .The growth is mainly attributed to increased diversification of income streams

▪ Operating expenses up 28% y/y due to expansion on IT capacity

The growth in Profit attributed to diversification of revenue streams (non-interest income activities)

53.0%51.9%50.9%50.2%47.4%48.0%46.8%46.9%

Q3 ’12 Q3 ’14Q3 ’13 Q3 ’15

EBKLGroup

62

Positive Financial Ratios

EBKL EBKL Group Group

Q3 2014 Q3 2015 Q3 2014 Q3 2015

Profitability

NIM 11.9% 11.1% 10.9% 10.2%

Cost to Income Ratio (with provisions) 50% 51% 55% 57%

Cost to Income Ratio (without provision) 48% 47% 52% 53%

RoAE 25.6% 33.0% 27.6% 25.3%

RoAA 5.2% 5.0% 4.9% 4.3%

Asset Quality

Cost of Risk 0.49% 0.75% 0.63% 0.95%

Liquidity / Leverage

Loan / Deposit Ratio 94.6% 97.0% 73.0% 83.2%

Capital Adequacy Ratios

Core Capital to Risk Weighted Assets 13.4% 14.8%

Total Capital to Risk Weighted Assets 16.1% 16.6%

Core Capital to Deposits Ratio 20.2% 20.5%

63

Appendix

64

Cost of funds

Kenya - Net Interest Margin

Net Interest Margin increased over the last 2 quarters…

…driven by a increase in yield and a marginal increase in Cost of Funds

Percentage

Net Interest Margin Yield on Interest Earning Assets

11.110.910.9

11.9

Q4 ’14 Q3 ’15Q1 ’15 Q2 ’15

13.913.513.514.3

Q4 ’14 Q2 ’15Q1 ’15 Q3 ’15

2.82.62.62.4

Q4 ’14 Q3 ’15Q2 ’15Q1 ’15

65

Cost of funds

Uganda - Net Interest Margin

… driven by an increase in yield and a decrease in Cost of Funds

Percentage

Net Interest Margin Yield on interest Earning Assets

10.5

9.79.6

10.8

Q3 ’15Q1 ’15Q4 ’14 Q2 ’15

13.713.212.614.3

Q3 15Q2 15Q4 ’14 Q1 15

3.23.53.1

3.5

Q4 ’14 Q3 ’15Q2 ’15Q1 ’15

Net Interest Margin increasing over the last 3 quarters

66

Cost of funds

Tanzania - Net Interest Margin

… driven by a marginal increase in yield and Cost of Funds

Percentage

Net Interest Margin Yield on interest Earning Assets

4.74.74.6

4.3

Q2 ’15Q1 ’15Q4 ’14 Q3 ’15

10.210.010.410.7

Q3 15Q2 15Q1 15Q4 ’14

5.55.45.76.4

Q4 ’14 Q3 ’15Q2 ’15Q1 ’15

Net Interest Margin has been stable over the last 2 quarters

67

Cost of funds

Rwanda - Net Interest Margin

… driven by a decline in yield and an increase in Cost of Funds

Percentage

Net Interest Margin Yield on interest Earning Assets

8.89.1

9.5

8.3

Q2 ’15Q1 ’15Q4 ’14 Q3 ’15

10.710.811.211.5

Q2 15Q1 15Q4 ’14 Q3 15

1.91.71.7

3.2

Q4 ’14 Q3 ’15Q2 ’15Q1 ’15

Net Interest Margin has been decreasing over the last 3 quarters

68

Cost of funds

South Sudan - Net Interest Margin

… driven by a decline in yield and an increase in Cost of Funds

Percentage

Net Interest Margin Yield on interest Earning Assets

2.1

2.6

3.1

3.5

Q4 ’14 Q2 ’15Q1 ’15 Q3 ’15

0.30.20.2

0.4

Q4 ’14 Q2 ’15Q1 ’15 Q3 ’15

2.32.9

3.33.9

Q4 ’14 Q2 ’15Q1 ’15 Q3 ’15

Net Interest Margin has declined over the last 4 quarters

69

DRC - Net Interest Margin

Cost of funds

…driven by an increase in yield and stable Cost of Funds

Percentage

Net Interest Margin Yield on interest Earning Assets

15.615.1

13.814.3

Q3 ’15Q2 ’15Q1 ’15Q4 ’14

16.415.914.515.1

Q1 15Q4 ’14 Q2 15 Q3 15

0.80.80.70.8

Q4 ’14 Q1 ’15 Q2 ’15 Q3 ’15

Net Interest Margin has been increasing over the last 3 quarters

70

RoAE and RoAA Trend – Banking EntitiesF Y 2012 F Y 2013 F Y 2014 Q3 2015

Ta nz a nia - 5.9% 3. 8% 6. 1% 9. 0%Rwa nda - 18. 6% - 24. 6% 11. 7% 11. 0%S out h S udan 40.6% 5. 6% 13. 5% 17. 2%Ug a nda 3.6% 12. 6% 4. 0% 12. 8%DRC 12.8% 8. 3% 10. 8% 10. 6%

F Y 2012 F Y 2013 F Y 2014 Q3 2015Ta nz a nia - 1.9% 0. 8% 1. 1% 1. 4%Rwa nda - 6.4% -4. 4% 2. 2% 2. 3%S out h S udan 4.5% 0. 8% 1. 9% 1. 8%Ug a nda 0.6% 2. 0% 0. 6% 1. 5%DRC 1.6% 1. 0% 1. 3% 1. 3%

RoAE

RoAA

71

Performance Trend – Banking EntitiesFY 2012 FY 2013 FY 201 4 Q 3 20 15

Tanzani a N/A 230% 116% 1 05%Rw anda 387 7% 113% 71% 58%Sout h Su dan 125 % 23% - 17% - 20%Ugand a 11 % 2% - 1% 11%DRC 32 % 30% 27% 52%

FY 2012 FY 2013 FY 201 4 Q 3 20 15Tanzani a 0.7 % 1. 7% 2. 3% 3. 1%Rw anda 0.6 % 2. 4% 3. 6% 4. 4%Sout h Su dan 1.3 % 11. 6% 24. 7% 32. 9%Ugand a 3.5 % 4. 2% 3. 8% 3. 2%DRC 2.8 % 3. 8% 5. 1% 3. 9%

LO AN GRO WTH TREN D

N PL T REND

78%

72

THANK YOUDr James Mwangi, CBSGroup Managing Director & CEO

KeEquityBank@KeEquityBank

Email: info@equitybank.co.keWeb site: www.equitybankgroup.com